10.74 -0.06 (-0.56%)
After hours: 7:57PM EDT
|Bid||10.65 x 900|
|Ask||10.68 x 1100|
|Day's Range||10.70 - 11.50|
|52 Week Range||4.76 - 12.50|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.71|
Shares of Cloudera (NYSE: CLDR) sank on Thursday after the cloud software company reported its first-quarter results. Cloudera reported first-quarter revenue of $210.5 million, up 12% year over year and $5.9 million higher than the average analyst estimate. Subscription revenue grew at a quicker 21% pace, reaching $187.1 million.
Cloud-based enterprise data company Cloudera Inc (NYSE: CLDR) reported better-than-expected first-quarter results but issued below-par guidance Wednesday, sending its shares lower.The Cloudera Analysts BofA Securities analyst Kash Rangan reiterated an Underperform rating on Cloudera shares with an $8 price target.Wedbush analyst Daniel Ives maintained a Neutral rating and hiked the price target from $12 to $14.Needham analyst Jack Andrews reiterated a Hold rating.Stifel analyst Brad Reback maintained a Hold rating and $11 price target.Morgan Stanley analyst Sanjit Singh maintained an Overweight rating and nudged up the price target from $14 to $15.Cloudera's Long-Term Guidance Could Be Challenging, BofA Says Cloudera's first-quarter results reflected a large deal size momentum, lower churn, higher renewal rates and adoption of new products, Rangan said in a Thursday note.The company may find it challenging to achieve its longer-term guidance of 15-20%-plus revenue growth and 20%-plus cash flow margins due to several moving pieces, the analyst said. Among the challenges Rangan highlighted were sustained intense competition from public cloud vendors, uncertainty over the success of its recently released first-generation CDP Public Cloud and the likelihood of the yet-to-be released CDP Private Cloud succeeding. BofA attributed the lowered price target to lower revenue growth.See also: Investors Sell The News Of IBM-Cloudera Rumor Wedbush Incrementally Confident In Cloudera Story Cloudera's much better-than-expected April results are another much-needed positive step in the right direction, especially after a challenging post-Hortonworks acquisition period, Ives said."The company beat the Street across the board in a dark COVID-19 macro as the product vision and execution are playing out and showing residency in a tough backdrop," the analyst said. View more earnings on CLDRAny negative stock move in the wake of the results is a "knee-jerk reaction" related to lofty expectations into the print and softer guidance, he said. Cloudera is starting to turn the corner and capitalize on its scale and scope in the complex market arena of Hadoop while hand holding customers and partners accordingly on the new product roadmap, Ives said.Wedbush said its revised price target reflects incremental confidence in the Cloudera story.Traction With Private, Private Cloud Releases Paramount To Investor Confidence, Needham Says The first-quarter results were driven by renewals from Cloudera's existing customer base that primarily comprised large enterprises, as reflected by the record addition of "more-than-$1 million customers," Andrews said.With the materiality of the CDP Public and Private Cloud still unfolding, the management factored in minimal contributions to fiscal year 2021 results, the analyst said. "We believe traction with these releases is paramount in order for investors to gain confidence that the company can truly participate in the high-growth end markets involving data analytics."Multiple Expansion Unlikely Until Visibility Improves On Revenue, Customer Growth, Stifel Says New customer activity was lackluster, as clients with over $100k of ARR fell 1% sequentially, Reback said.The fiscal year 2021 guidance fell short of expectations given the impact of the COVID-19 pandemic on new business activity and its professional services business, the analyst said. "We believe that the success of CDP Public Cloud is a key to Cloudera being able to gain market share in the rapidly evolving, and ever competitive, market for data analysis tools." Until there is clear line of sight on sustained revenue and customer growth, the analyst said he sees little multiple expansion for Cloudera. Morgan Stanley Sees Progress On Cloudera's Profitable Growth Vision The first quarter extends Cloudera's streak of better execution with a beat across all key metrics, and the fiscal-year 2021 subscriber revenue guidance was ahead of consensus, Singh said."With expanding margins and a new product cycle showing some encouraging signs, we see progress on the profitable growth vision which looks undervalued," the analyst said. CLDR Price Action At last check, Cloudera shares were down 11.81% at $10.94.Related Link: Cloudera Delivers Beat And Raise, But Growth Remains Lower Than Industry RatesLatest Ratings for CLDR DateFirmActionFromTo Jun 2020Wells FargoMaintainsEqual-Weight Jun 2020Morgan StanleyMaintainsOverweight Jun 2020Morgan StanleyUpgradesEqual-WeightOverweight View More Analyst Ratings for CLDR View the Latest Analyst Ratings See more from Benzinga * Coronavirus Vaccine Frontrunner Moderna Appoints Former Amgen Executive As CFO * Nio Shares Extend Rally As Chinese EV Manufacturer Reports Record May Deliveries * The Daily Biotech Pulse: Positive Readout For Kezar, AstraZeneca Stitches Oncology Partnership, D-Day For Merck's Triple Combo Antibiotic(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The number of confirmed cases of the coronavirus that causes COVID-19 rose past 6.6 million on Thursday, and California reported a rise in infections after weeks of slowing, raising concerns that the protests at the death of George Floyd, and the reopening of certain counties, are helping spread the illness.
Cloudera's (CLDR) first-quarter fiscal 2021 results reflect rapid adoption of its cloud-based products and services and efficient cost management.
Futures slashed losses as the ECB expanded stimulus, boosting the coronavirus stock market rally. Tesla rival Nio jumped again on May deliveries.
Good afternoon, my name is Oren and I will be your conference operator today and welcome to the Cloudera First Quarter Fiscal 2021 Quarterly Results Conference Call. During the course of this call, we will make forward-looking statements regarding future events and the future financial performance of the company.
Cloudera, Inc. (CLDR) delivered earnings and revenue surprises of 400.00% and 3.39%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Cloudera (NYSE: CLDR) have jumped today, up by 10% as of 3 p.m. EDT, after receiving an upgrade from Wall Street. Morgan Stanley boosted its rating on Cloudera from equal weight (equivalent to a neutral) to overweight (equivalent to a buy), and analyst Sanjit Singh increased his price target from $8 to $14. The business is starting to stabilize following its merger with Hortonworks, which closed in January 2019, and the company can now focus on product development.
Cloudera Inc. shares pared Wednesday gains in the extended session after the enterprise software company's revenue outlook fell short of the Wall Street consensus. Cloudera shares fell 8% after hours, following a 10% gain in the regular session to close at $12.40. Cloudera said it expects adjusted earnings of 6 cents to 7 cents a share on revenue of $206 million to $209 million for the second quarter, and 26 cents to 30 cents a share on revenue of $825 million to $845 million for the year. Analysts surveyed by FactSet expect earnings of 5 cents a share on revenue of $213.2 million for the second quarter, and 24 cents a share on revenue of $862.3 million for the year. "The business outlook is based on the assumption that the recessionary impact of the coronavirus pandemic (COVID-19) will peak in Cloudera's second and third quarters of fiscal 2021 and moderate in the fourth quarter of our fiscal 2021," the company said in a statement. The company reported a first-quarter loss of $58 million, or 20 cents a share, compared with a loss of $103.1 million, or 38 cents a share, in the year-ago period. Adjusted earnings were 5 cents a share. Revenue rose to $210.5 million from $187.5 million in the year-ago quarter. Analysts had forecast per-share break-even earnings on revenue of $204.9 million. "We executed extremely well in Q1, particularly as the pandemic was in full effect for more than half of our fiscal quarter," said Rob Bearden, Cloudera chief executive, in a statement. "We believe that remote working environments have placed heightened importance on data, data analysis and data security, which has increased the value of data architecture design and the criticality of hybrid cloud solutions."
Cloudera, Inc. (CLDR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its first quarter of fiscal 2021, ended April 30, 2020. Total revenue for the first quarter was $210.5 million, an increase of 12% as compared to the first quarter of fiscal 2020. Subscription revenue was $187.1 million, an increase of 21% as compared to the first quarter of fiscal 2020. Annualized Recurring Revenue grew 11% year-over-year.
NEW YORK, NY / ACCESSWIRE / June 3, 2020 / Cloudera, Inc. (NYSE:CLDR) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on June 3, 2020 at 5:00 PM Eastern Time. ...
A look at three cloud-focused stocks, Cloudera, DocuSign, and Slack, which have been coronavirus stay-at-home standouts, ahead of their upcoming earnings releases...
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them.
The Lightning Round segment of the Mad Money program is a viewer favorite. Callers quiz Jim Cramer about stocks they are interested in. Monday night one caller asked Cramer about Cloudera Inc. . "I think you have a winner there with Cloudera," replied Cramer.
Cloudera (CLDR) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
Cloudera's (CLDR) first-quarter fiscal 2021 results are expected to reflect its strong portfolio and the unveiling of Cloudera Data Platform on AWS and Microsoft Azure.
Cloudera shares have skyrocketed 90% since March 18 as Wall Street clamors for stocks that appear immune from the coronavirus economic downturn...
Cloudera, Inc. (CLDR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, announced that company executives will participate at two upcoming financial conferences.
Cloudera (NYSE: CLDR), the enterprise data cloud company, today announced that the Institute for Energy Technology (IFE), an independent international research foundation located in Norway, has chosen Cloudera Data Platform (CDP) to power its digital transformation initiative. With Cloudera Data Platform, IFE will enable any nuclear facility that is part of the OECD Halden Reactor Project to experience powerful analytics in a self-service, private cloud environment.
SAN DIEGO, May 12, 2020 -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against Cloudera, Inc. ("Cloudera") (NYSE: CLDR) for violations of.